The basic assumption which underline the preparation of p...
The basic assumption which underline the preparation of periodic financial statement is known as accounting
Bases
Techniques
Concepts
Method
Correct answer is C
Accounting concepts and conventions are the basic assumptions that underline the preparation of the periodic financial statements of a business.
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\(\begin{array}{c|c} \text{Rent receivable accrued 1/01/2005} & D3,000\\ \text{Rent received dur...
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Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNTS \(\be...
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Goods purchased for N92 was entered in the books as N29. This is an error of ...